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    Have issues with the Zestimate? Zillow is offering $1 million to fix it

    LendingReal EstateValuationsHomeowners

    Online real estate giant launches contest to improve property valuation algorithm


  • LendingReal EstateValuationsHomeowners

    Online real estate giant launches contest to improve property valuation algorithm

    Zillow knows its “Zestimate,” the online real estate giant’s property value estimation tool, isn’t perfect. Even after years of consistently working on the algorithm that powers the Zestimate, Zillow still acknowledges that its Zestimate error rate is still 5% nationwide. But Zillow wants to do something about it, and it’s offering up a sizable carrot for anyone who can make the Zestimate better: $1 million.

This month in
HousingWire magazine

Cover Story
May 2017

Secondary market forecast

About a week before the November 2016 election, the U.S. Treasury market started to move lower. The cause of this increase in yield on the benchmark 10-year bond was not fear of an interest rate hike by the Federal Open Market Committee or the specter of higher inflation. No, the outlier event that shook the financial world out of years of torpor was a commercial real estate developer named Donald John Trump.

Commentary

Reimagining mortgages from a consumer perspective

Lending